Shareholder Information

Shareholder Information

INTERVIEW WITH SOPHIE ZURQUIYAH, CEO:


With our new activity profile, the CGG group performed better than expected, mainly due to a very strong fourth quarter.

How was the market environment in 2018?
We saw a gradual recovery in our clients' activity throughout the year.

What do you think of CGG’s results?
In 2018 oil companies were still very cautious and strongly focused on managing costs and achieving greater efficiency intheir E&P projects. With our new activity profile, the CGG group performed better very strong fourth quarter. Our annual revenue totaled $1.227 billion, representing a sharp 19% increase, which was mainly due to Sercel’s land equipment sales recovery. Our profitability was high and, with our new profile, led to an operating cashfl ow of $134 million. These results validate our decision to transition to an asset-light business model.

What is the timeframe for this transition?
We hope to take all the necessary steps in 2019. CGG will therefore make the following strategic changes, subject to all legal obligations and processes in each country as required:

  • In Marine: downsize to a three-vessel fl eet with a lean organization and, at the same time, find a strategic partner to profi tably operate these vessels, that will be equiped by Sercel and meet the needs of CGG’s Multi-Client activity.
  • Land: gradually exit this activity after a wind-down period.
  • Multi-Physics:put this activity up for sale.

What are your plans for CGG?
We are focused on ensuring organic growth and sustainable profitability through the cycle by strengthening our already strong positions and focusing on our three core businesses of Geoscience, Multi-Client and Equipment while at the same time finding new areas for profi table growth.

Who We Are - Organization & Leadership

Organization & Leadership

Learn how CGG's leaders and governance allow for successful operations.

Who We Are - Our Activities

Our Activities

In all environments, we acquire, process and interpret surveys that provide our clients with a comprehensive understanding of subsurface targets and their geological settings.

Who We Are - Technology & Innovation

Technology & Innovation

Our range of geoscience experience is unparalleled and leads us to invent and perfect technology and techniques unlike any other.

Investor Contacts

INVESTOR CONTACTS

Contacts for further information regarding investors.

CGG Worldwide

CGG WORLDWIDE

FINANCIAL PRESENTATIONS

Nov 06, 2019

2019 Q3 Results

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Sep 04, 2019

2019 H1 Results

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Jul 26, 2019

2019 Q2 Results

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